Despite History and the Numbers, Wall Street Wants Republican in the White House

The stock market may be up more than 75% since President Obama moved into the White House, but Wall Street is looking for a change come November. Stocks have historically performed better during a Democratic administration, yet a whopping 70% of investment strategists and money managers say a Republican president will be better for the stock market going forward, according to an exclusive CNNMoney survey.

"The Republican party is better suited to drive positive economic and financial-market growth," said Phil Orlando, chief equity market strategist at Federated Investors, adding that President Obama doesn't deserve full credit for the improvements in the economy and financial markets during this term.